Should QuickSwap Give Atomica/Protofire a Grant to Integrate Staking Protection for QuickPerps?

Note: This governance proposal has been written by the Protofire and Atomica team - QuickSwap is posting the proposal, discussion, and formal vote on their behalf.

The Protofire & Atomica team is proposing a grant to build a Staking Protection solution that could potentially improve user confidence and safety - this could result in increased users and TVL (Total Value Locked).

Voting yes to this proposal will result in: • The transfer of $15,380.00 from the QuickSwap DAO treasury to Atomica / Protofire to pay for the development of the Staking Protection protocol for QuickPerps • Featuring Protofire on QuickSwap’s website

What is Atomica?

Atomica is an algorithmic protocol, incubated inside Protofire, built for Web3 solutions and investors to launch their protection cover markets, offer protection to their users, or on the other side earn a yield on their capital for providing said protection. Its mission is to provide financial flexibility and reduce risk for our users by offering a range of protection cover options and underwriting capital for liquidity providers.

What is Protofire?

Protofire is a Service DAO, working with many large L1/L2 networks and DeFi protocols, building features that deliver a competitive advantage to its partners and users. Some of the recent grants received by Protofire, and what they delivered, include: • Grants from Ethereum Foundation and Optimism in 2022 and 2023 to develop and maintain Solhint, the most adopted Solidity linting tool that Protofire has developed for the ecosystem • A grant from Balancer in 2022 to understand users’ and institutional investors' fears and demands. Protofire did a comprehensive survey including interviews and reports to drive Balancer’s strategy • In 2023 Aave gave Protofire two Grants to develop a Credit Delegate Marketplace to increase the yields of their users while unlocking completely new use cases, using Atomica to make the process peer to pool • A grant from Web3 Foundation in 2023 to create an Open Zeppelin-like smart contracts factory for the Polkadot ecosystem • Multiple Grants from Chainlink to help with new network integrations, and create plug-ins for products such as Hardhat and Foundry

Protofire has already been working for some time contributing to the QuickSwap ecosystem with audits for its partners, such as Roe Finance and Giddy.

For more information about Protofire projects, visit their page https://protofire.io/projects. There you will find in-depth explanations about other projects they develop besides the grants mentioned above, which will include clients such as Gnosis Safe, The Graph, MakerDAO, 0x, Filecoin, Cowswap, and many more.

TL;DR: • Protofire, a Service DAO, and Atomica, an algorithmic protocol, are proposing a grant to build a Staking Protection solution for QuickPerps • The proposal is to transfer $15,380.00 from the QuickSwap DAO treasury to Atomica / Protofire to fund this operation on QuickPerps and feature Protofire on the QuickSwap website • The vote is now live until Wednesday, August 9 at 12:00 PM UTC • Make sure to read the blog post to form an opinion: https://blog.quickswap.exchange/posts/should-quickswap-give-atomica-protofire-a-grant-to-integrate-staking-protection-for-quickperps • Once you've read through the blog, go to the QuickSwap official Discord governance discussion channel and Reddit form to chat with the community and share your opinion